Economy · 2024-06-27
The largest U.S. federal budget deficit occurred under Biden
False
The largest U.S. federal budget deficit occurred under Biden.
What the evidence shows
The largest nominal annual federal deficit at the time was in fiscal 2020, during Trump’s presidency and the COVID emergency.
What happened next
Assessment describes the statement in its original dated context; later developments are not automatically incorporated.
Assessment notes
Claim wording is an editorial paraphrase, NOT a verbatim quotation. The linked contemporaneous fact-check documents the original statement and evaluates the evidence available at that time.